Case Studies

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Over the years, SKP has assisted over 1,200 clients from over 45 countries in doing business in India and abroad. Our clients include Fortune 500 companies, multinational corporations, entities listed on global exchanges, private equity/venture capital–owned companies and family-owned businesses. Here are a few examples of our work where we've helped our clients in dealing with the various complexities of doing business in India and abroad.

Taxation of VAT incentive for a micro-irrigation system manufacturer

Engagement: SKP was engaged by one of India’s largest multinational micro-irrigation system manufacturers regarding the taxation treatment of the Value Added Tax incentive granted with reference to new investments.

On analysing the issue, it was concluded that the VAT incentive granted would be a capital receipt, not chargeable to tax. We also opined that the same would not be required to be reduced from the cost of fixed assets.

Value Delivered
Our team evaluated all the facts of the case with the help of more than 50 case laws. After a thorough analysis, the facts were properly presented for an opinion and we secured a favourable opinion from a leading Senior Tax Counsel. The Counsel confirmed our view on both aspects. This resulted in tax savings of INR 1,870 million for our client.